3729 Glendon Avenue, Los Angeles
Los Angeles Home For Sale
$150K PRICE REDUCTION - MOTIVATED SELLERS! First time on the market since 1984, 3729 Glendon Avenue is one of the largest 4-unit apartment buildings located in the highly desirable Palms neighborhood of West LA. This impressive 5,224 sqft building is offered at only $429/sqft and consists of four spacious units: (3) 3Bed+2Bath and (1) 2Bed+1Bath. The upstairs, 3-bed "Owner's Unit" boasts a larger floorplan, an additional office/4th bedroom, a fireplace, and a front deck. Select units benefit from private decks, dishwashers, walk-in showers, and wall ACs, while Unit 2 has exclusive access to a sizeable 15' x 35' outdoor patio. Additional features include an on-site laundry room, (4) tandem parking spaces, gated entry, separate meters for gas and electric, and soft-story retrofit was completed in 2021. 3729 Glendon Avenue currently collects ~$12,000/month and ~$144,000/year with approximately 28% in rental upside via interior/exterior renovations. Once rented at market, the property will operate at a 5.94% CAP and 12.20 GRM. Whether you are a long-term investor or an owner-user looking to take advantage of residential financing, this high-cash flow asset is centrally located near major retail, entertainment, tech, and employment hubs in Silicon Beach, Culver City, Santa Monica, Beverly Hills, and Downtown LA.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90034
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- MLS® #:
- SB24095560
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- Bedrooms:
- 11
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- Bathrooms:
- 7
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- Lot Size:
- 0.13
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 3729 Glendon Avenue, Los Angeles, (MLS® #SB24095560)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $2,245,000 | $105,000 (4.47%) | |
| Price Reduced (from $2,395,000) | $2,350,000 | $45,000 (1.88%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 12:26pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.